Zero Charges on 28 Commonly Used Savings Account Services
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IDFC FIRST Bank Corporate Salary Account lets you maximize your income and enjoy a variety of benefits. Our company offers a high interest rate, free general banking services, unlimited ATM transactions, no charges for fund transfers, and much more, all of which are designed to maximize your returns and meet your daily needs.Read More
Get access to your funds anywhere anytime and stay on top of your expenses with high withdrawal limits and purchase limits. We offer free online payments and money transfers on the go, along with amazing deals on food and beverages for a seamless shopping experience. We provide coverage for personal accident death cover of Rs. 35 lakhs and air accidents of up to ₹1 Crore to ensure complete peace of mind.
There's more! You can open our Employee Reimbursement Account instantly through Internet Banking. It's a Savings Account, and it earns interest.Read
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The on-boarding vouchers/benefits offered in the first 30 days post Salary Account opening have been discontinued w.e.f .1st July'22
Flight & Hotel cancellation up to Rs. 25,000/-
Travel Insurance worth 5,000 USD on International trip
Road-Side assistance to Card holder 4/year
For Digital Bank Account Opening:
For Physical Bank Account Opening:
- Aadhaar Card
- Passport
- Voter’s Identity Card (Election Card)
- Permanent and valid driving license with photograph
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name and address.
A Salary Account is a type of Zero Balance Savings Account, where an employer deposits monthly salary of an employee to the Bank Account. IDFC FIRST Bank Salary Accounts offer 24x7 access to your Account through NetBanking/ Mobile Banking App. It allows you to track spends, earn rewards, check your risk profile, invest in Mutual Funds in a click, experience Google-like search, cash flow analysis and much more.
The IDFC FIRST Bank Salary Account is a Zero Balance Account as long as salary is being credited in your salary account. No initial pay-in amount is required to open Salary Account. However, if salary credit has been stopped due to any reason for three or more months, then you are required to maintain Average Monthly Balance (AMB) as per the account variant, otherwise applicable charges will be levied.
If salary credit has been stopped due to any reason for three or more months, then you are required to maintain Average Monthly Balance (AMB) as per the account variant, otherwise applicable charges will be levied.
Yes, you can continue with your existing Salary Account with IDFC FIRST Bank if your new employer has a banking relationship with IDFC FIRST Bank. You can check the same with your company HR and can get your IDFC FIRST Bank Salary Account mapped to the payroll system.
You can enjoy a superior banking experience with IDFC FIRST Bank Salary Account with benefits such as:
- Attractive interest rates on your savings, so you can earn more
- Zero charges on 28 commonly used Salary Account services like IMPS, NEFT, RTGS, ATM transactions, cheque book issuance, SMS alerts, cash transactions, etc.
- Monthly Interest Credits, so you can earn 'interest on interest'
- Higher Personal Accident and Air Accident Cover with your Debit Card
- Exciting offers on food, shopping, travel, & more with your Debit Card
and much more
With an IDFC FIRST Bank Salary Account, experience the joy of earning Monthly Interest Credits on your Salary Account. You earn 'interest on interest' with the power of monthly compounding. IDFC FIRST Bank is the first universal bank in India to provide this feature, against the standard practice of crediting interest on your Salary Account every quarter.
Monthly compounding interest payout is better for you than Quarterly interest payout because when you get interest credit in Month 1, the interest for Month 2 is paid on your opening balance + interest received in Month 1 and so on. So, you earn more on your savings!
Interest will be calculated on progressive balances in each interest rate slab, as applicable. Please note, interest rates are subject to periodic change. Can you afford to not have an IDFC FIRST Bank Salary Account?
With IDFC FIRST Bank Salary Account you can enjoy ZERO Charges on 28 commonly used Salary Account services like IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and more. You can know more about services offered at Zero Charges here:
To open a Salary Account, you require Aadhar Card and PAN Card along with proof of employment, which can be offer letter, Company ID card, or pay slips.
You can add funds to your Salary Account by one of the following ways:
- Via any other bank’s NetBanking/Mobile app. Simply add your IDFC FIRST Bank account details – Account number and IFSC code
- Through our Mobile app by clicking on “Add funds” option which lets you add transfer money from your other bank accounts
- Depositing a cheque at any of our branches
- Depositing a cheque at any IDFC FIRST Bank ATM
- Using any UPI app using your UPI ID
We offer multiple methods to track your IDFC FIRST Bank Salary Account. Here are a few ways you can do it:
- NetBanking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID
Yes, you can add 1 nominee to your Salary Account.
You can add a nominee to your Salary Account in one of the following ways:
- Via NetBanking or Mobile Banking App
- By visiting your nearest IDFC FIRST Bank branch
FEATURED
A Salary Account is a type of Savings Account for salaried individuals that has some specific features and benefits, apart from helping the individual to save money on a regular basis. Learn more about Salary Account in detail in this article.
Team FinFIRST10 Dec 2023 • 3 mins read
10 Dec 2023 • 3 mins read
10 Dec 2023 • 3 mins read